The intuitive criterion by cho and kreps is a refinement to


The intuitive criterion by Cho and Kreps is a refinement to minimise the set of perfect Bayesian equilibrium in signalling games. What would a simple and intuitive example to explain this criterion be? Assume any undergrad student should be easily able to appreciate the refinement through the example.

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Business Economics: The intuitive criterion by cho and kreps is a refinement to
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